Nisa Investment Advisors LLC lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 441.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,937 shares of the company's stock after buying an additional 88,821 shares during the quarter. Nisa Investment Advisors LLC's holdings in Aurora Innovation were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Aurora Innovation by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after purchasing an additional 394,933 shares during the period. Citigroup Inc. grew its position in Aurora Innovation by 229.4% in the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company's stock valued at $4,175,000 after purchasing an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. grew its position in Aurora Innovation by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the period. Sterling Investment Advisors Ltd. acquired a new stake in Aurora Innovation in the 3rd quarter valued at $1,184,000. Finally, State Street Corp grew its position in Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after purchasing an additional 2,920,653 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.
Aurora Innovation Price Performance
Shares of NASDAQ AUR traded down $0.01 during mid-day trading on Friday, reaching $6.80. 12,845,772 shares of the company's stock were exchanged, compared to its average volume of 15,319,203. The firm has a 50-day moving average price of $6.91 and a two-hundred day moving average price of $5.64. Aurora Innovation, Inc. has a 52 week low of $2.10 and a 52 week high of $9.83. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of -13.88 and a beta of 2.85.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on AUR shares. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. Cantor Fitzgerald started coverage on Aurora Innovation in a research note on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price objective on the stock. Wolfe Research started coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating on the stock. Finally, Canaccord Genuity Group raised their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $6.30.
View Our Latest Stock Analysis on AUR
Insider Buying and Selling
In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the sale, the director now directly owns 382,425 shares of the company's stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is owned by insiders.
About Aurora Innovation
(
Free Report)
Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.
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